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Feb 1, 2013
02/13
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debt ceiling. >> narrator: early on, republican freshmen attended orientation sessions. republican strategist frank luntz ran one of them. >> and i asked the question, how many of you are going to vote for the debt ceiling? and only three or four of them raised their hands. and i said, if you vote for the debt ceiling, the people who put you in office are going to knock you out. >> if you vote for the debt ceiling, you're voting for your own death certificate, political death certificate. >> narrator: for his part, the president decided to try something new: personal politics. he figured he could connect to the republican leader, john boehner. >> obama told his staff, john boehner is a country club republican, a golf-playing, cigarette smoking deal-maker. >>arrar: t predent invited boehner to play golf with him at andrews air force base. >> and afterward, they go back to the clubhouse, and they're having a drink; there's a photo op. and it's at that point when boehner says to the president, "hey, you know, on this debt ceiling stuff, we ought to do something big." >> nar
debt ceiling. >> narrator: early on, republican freshmen attended orientation sessions. republican strategist frank luntz ran one of them. >> and i asked the question, how many of you are going to vote for the debt ceiling? and only three or four of them raised their hands. and i said, if you vote for the debt ceiling, the people who put you in office are going to knock you out. >> if you vote for the debt ceiling, you're voting for your own death certificate, political death...
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Jan 31, 2013
01/13
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we have got $16.4 trillion in debt today, so by the time the debt ceiling is reapplied, rei am posed, it will just under $17 trillion. now, at that point, we will be right back to the standoff that we were at very recently, standoff over what to do about this massive amount of debt we already have and the massive amount of additional debt that the administration would like to create. now, the administration's position is very clear. they want additional borrowing authority with no strings attached, no conditions, no limits on future spending. they just want to be able to keep borrowing. some on our side of the aisle feel very strongly that any increase in the debt ceiling that authorized still more borrowing needs to be accompanied with some measure of spending discipline so that we can at some point begin to regain control over these out-of-control deficits and the debt. well, in any case, what we know for sure is this tension will re-emerge and that we don't have a resolution in place now, and if this measure passes -- which very likely it will and it will be signed into law -- we h
we have got $16.4 trillion in debt today, so by the time the debt ceiling is reapplied, rei am posed, it will just under $17 trillion. now, at that point, we will be right back to the standoff that we were at very recently, standoff over what to do about this massive amount of debt we already have and the massive amount of additional debt that the administration would like to create. now, the administration's position is very clear. they want additional borrowing authority with no strings...
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Jan 29, 2013
01/13
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he's made it clear he's willing to bypass congress and increase the debt ceiling by executive order if necessary. >> jimmy: you ain't lying, honey bri bri. [ light laughter ] the president's got the bill in his hands. all it needs now is his john hancock. ♪ whipping out his hancock ♪ [ laughter ] >> jimmy: obama's got republicans in a compromising position. and now, he's ready to push his package through congress. ♪ ah push it push it good ah push it ♪ >> push it real good! [ laughter and applause ] ♪ obama's unwillingness to back down on this issue has left the gop handcuffed, helped in no small way by the president's strong backing from prominent democrats, including senate majority leader dick durbin. >> jimmy: hey, hold on. hold up. you gonna roll up in here talking about handcuffs and dicks? [ light laughter ] >> how was third grade, jimmy? ♪ 50 shades of brian williams ♪ >> members of congress have a big job to do. >> jimmy: it's time to come together and raise the roof! ♪ the debt clock is rising there ain't no denying the deadline for action is on the horizon â™
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Jan 31, 2013
01/13
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if we have no spending problem, why do we need to extended debt ceiling. why do we need more money? >> the president is running out of excuses. he can't blame the last administration because he is the last administration. president obama has spent more and created more debt than any president in history. yet we've got the slowest recovery of any recovery in history. i spent last summer going around my state talking to small businesses, dozens of them. it's very clear to me what is happening now. they were already beginning to pull back because of the expected costs of obamacare. the dodd-frank legislation that was federal takeover of financial system is making it harder for businesses to get loans. you look at the expected tax increases which businesses we're trying to plan for. uncertainty goes back to the president's policies. it's not obstruction, i wish we had more of it. policies in place are hurting our economy. even more than that, the uncertainty from the mounting debt on individual americans is putting us in a position where it's going to be harder to dig out of it. >> gret
if we have no spending problem, why do we need to extended debt ceiling. why do we need more money? >> the president is running out of excuses. he can't blame the last administration because he is the last administration. president obama has spent more and created more debt than any president in history. yet we've got the slowest recovery of any recovery in history. i spent last summer going around my state talking to small businesses, dozens of them. it's very clear to me what is...
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Feb 5, 2013
02/13
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ceiling in 2011. >> but they now say it was the president who is responsible. >> exactly. they voted for this. >> and paul ryan runs a marathon in less than one hour. >> i thought it was like 20 minutes. he's superman. this is what they wanted. >> of course. congressman, here is another apparent contradiction you might like to clear up for us. on the one hand, you have eric cantor out there giving a speech on making life work. he sounds like tony robbins or something. he's trying to sell yet another iteration of the republican party, but when you strip away the soft smile and the cadence, he'd happily slash every one of those programs that you just went through, wouldn't he? >> oh, absolutely. eric cantor despite all of the covering in the near is definitely proposing budgets that are hostile to middle and low income people. and particularly to vulnerable people, but not only that, you know, programs like s.n.a.p. actually give people money they can spend at the store that allows the store to hire people. eventually the programs they cut will hurt the people who are employ
ceiling in 2011. >> but they now say it was the president who is responsible. >> exactly. they voted for this. >> and paul ryan runs a marathon in less than one hour. >> i thought it was like 20 minutes. he's superman. this is what they wanted. >> of course. congressman, here is another apparent contradiction you might like to clear up for us. on the one hand, you have eric cantor out there giving a speech on making life work. he sounds like tony robbins or...
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Feb 5, 2013
02/13
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where i think republicans thought especially since they put off the debt ceiling fight they'd be able to take control of this issue. >> let's play what mitch mcconnell said just yesterday slamming the democrats for floating new revenue proposals. >> this is just another opportunity to trot out the democrat focus group approved policy stunt. if this is another fake fight designed by the white house to push us to the brink, then republicans are really not interested in playing along. >> molly, another fake fight. as it was described by mitch mcconnell there. but we know when you look at polling and watched since the end of the year, the polls show it's republicans who come up short where people believe they're presenting the fake fight, at least some of the polling. >> well, it is interesting to hear mcconnell describe it as focus group approved. they believe public opinion on their side and if there is what is viewed as gridlock and dysfunction in washington, republicans are blamed by that. i think the white house concluded, looking back on the last four years, that every time republic
where i think republicans thought especially since they put off the debt ceiling fight they'd be able to take control of this issue. >> let's play what mitch mcconnell said just yesterday slamming the democrats for floating new revenue proposals. >> this is just another opportunity to trot out the democrat focus group approved policy stunt. if this is another fake fight designed by the white house to push us to the brink, then republicans are really not interested in playing along....
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Feb 3, 2013
02/13
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the debt ceiling, which does not one thing to add to the budget deficit. not one nickel of spenning, it's agreeing to pay the bill. we waited seven months and threaten ord credit rating. the american people are sick of that. they want action. they want their taxes low, as we just saw happen reinly in avoiding the fiscal cliff -- which came as i might add through bipartisanship. the republicanses came through with the table to what obama proposed and he compromised with raising it to the $4,000 level. that's the action that people want to see. >> speaking of our president, he said during obamacare, oh, you're premiums wouldn't be raised. sorry, david. that's exactly what we are seeing -- >> when 2014 comes along -- [overlapping dialogue] >> americans are not able to keep their health insurance. another thing the president promised. >> i have to say, after an absence of david being out, with personal issues and health issues, we are glad to see you back. >> it's a pleasure to be back. >> happy to have you both. >> a bus transporting a philadelphia youth grou
the debt ceiling, which does not one thing to add to the budget deficit. not one nickel of spenning, it's agreeing to pay the bill. we waited seven months and threaten ord credit rating. the american people are sick of that. they want action. they want their taxes low, as we just saw happen reinly in avoiding the fiscal cliff -- which came as i might add through bipartisanship. the republicanses came through with the table to what obama proposed and he compromised with raising it to the $4,000...
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Feb 6, 2013
02/13
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i don't know how many times i've sat in the chair whether it's debt ceiling, sequester. we have got to stop inflicting wounds on this economy. it is political malpractice. >> indeed, it is. jared bernstein and dana milbank, thank you so much. >> thank you. >>> much more ahead, but first a lighter moment with the president as he announces his latest cabinet pick. >> when sally's confirmed, i'm willing to bet that she will be the first secretary of the interior who frequently hikes and once spent a month climbing mountains in antarctica which is not something i'd do. because it seems like it'd be cold. and i was born in hawaii. ♪ [ man ] ring ring... progresso this reduced sodium soup says it may help lower cholesterol, how does it work? you just have to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. [ babies crying ] surprise -- your house was built on an ancient burial ground. [ ghosts moaning ] surp
i don't know how many times i've sat in the chair whether it's debt ceiling, sequester. we have got to stop inflicting wounds on this economy. it is political malpractice. >> indeed, it is. jared bernstein and dana milbank, thank you so much. >> thank you. >>> much more ahead, but first a lighter moment with the president as he announces his latest cabinet pick. >> when sally's confirmed, i'm willing to bet that she will be the first secretary of the interior who...
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Jan 31, 2013
01/13
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what do we do about the mounting debt? what do we do about having reached the debt ceiling? and will twe we do anything abot curving the spending that is -- mr. baucus: madam president, the senate is not in order. the presiding officer: the senate will be in order. mr. toomey: so -- thank you, madam president. so, the fact is, we're going to be -- mr. baucus: madam president, madam president, the senate is not in order. the presiding officer: the senate will be in order. the senators shall take their conversations out of chamber. mr. toomey: thank you, madam president. so my point is that we're going to be back at this situation where we will have reached the debt limit once again. we'll be at this impasse, as to how to resolve this situation, and none of us can possibly know today how quickly that will be resolved. we just can't know how the other body will vote, how this boat wil--how this body will vote, we can't know. and so it seems to me given the inherent uncertainty, we ought to at least have a contingency plan that minimizes any disruption in the event that the debt
what do we do about the mounting debt? what do we do about having reached the debt ceiling? and will twe we do anything abot curving the spending that is -- mr. baucus: madam president, the senate is not in order. the presiding officer: the senate will be in order. mr. toomey: so -- thank you, madam president. so, the fact is, we're going to be -- mr. baucus: madam president, madam president, the senate is not in order. the presiding officer: the senate will be in order. the senators shall take...
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the last time the debt ceiling fight, president obama got what he wanted by refusing to negotiate. now the top republican up here on capitol hill john boehner is taking the hard line and letting the president know it. president obama was rallying democrats for the battle over defrs cuts when house republicans sent him a message. the symbolic vote he detail how he would cut the deficit to avoid the automatic spending cuts next month. >> mr. president, you missed the deadline again. let's see your plan. let's show it to the american people and have the discussion about the proper way to manage down this debt and deficit. >> reporter: without a budget deal on march 1st so-called sequestration will force reductions in military training, cutbacks in operations, and layoffs of civilian pentagon employees plus civilian defense contractors. >> it's an idiotic management nightmare to try to run a complex sophisticated, long-term program when you have short-term, massive cuts. >> reporter: deep cuts also loom in social services. outgoing defense secretary panetta slammed democrats and republ
the last time the debt ceiling fight, president obama got what he wanted by refusing to negotiate. now the top republican up here on capitol hill john boehner is taking the hard line and letting the president know it. president obama was rallying democrats for the battle over defrs cuts when house republicans sent him a message. the symbolic vote he detail how he would cut the deficit to avoid the automatic spending cuts next month. >> mr. president, you missed the deadline again. let's...
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Feb 6, 2013
02/13
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they also are girding for another big battle over potentially a debt ceiling extension months down the road, and they're really thinking about, you know, a fight over the sequester or not, using this sort of yearlong view and thinking about the bats down the road and not using all their leverage right now. >> we got some projections yesterday on the deficit, projected to be $845 billion, that would be under a trillion for the first time since 2008. does this play into all of this discussion at all? >> i mean, it's fairly consistent with the president's proposal, which is to say he doesn't want to cut spending too much right now. he wants to do some long-term spending reduction on the de deficit. republicans say don't trust him. i don't think republicans will be swayed by the cbo report. they have what they see as a mandate from voters, cut spending. >> let me bring in congressman john yarmuth. what would you like to see? >> i think some of the spending you mentioned could be very youthful. some of the farm subsidies that are unjustified. i'd like to consider a securities transaction pa
they also are girding for another big battle over potentially a debt ceiling extension months down the road, and they're really thinking about, you know, a fight over the sequester or not, using this sort of yearlong view and thinking about the bats down the road and not using all their leverage right now. >> we got some projections yesterday on the deficit, projected to be $845 billion, that would be under a trillion for the first time since 2008. does this play into all of this...
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Jan 29, 2013
01/13
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if not that fight, then in the next debt ceiling fight the next debt ceiling fight. the demand nor spending cuts isn't going to go anywhere. >> bill: barney frank, he would be fired up, ready to go. he knows she is issues. he knows the fiscal issues better than anybody else. >> deval patrick said he would be happy to have him. he didn't endorse it per se but he expressed sort of opens to the idea. >> wouldn't be a big learning curve for barney. >> bill: no, not at all. i think it would be very tough for governor patrick not to appoint him. i mean who else could step in and have all of the information and all of the experience you need to really fight for the people. >> i was going to say -- >> bill: now, of course, so is it is sort of a relief the fiscal issues are out of the way and we can talk about something else like maybe immigration reform. very unusual to see these days eight senators, four from each party, agree on anything, correct? >> it is. >> bill: you cover the congress. you're there. >> i do. filibuster reform deal that killed filibuster reform. this is
if not that fight, then in the next debt ceiling fight the next debt ceiling fight. the demand nor spending cuts isn't going to go anywhere. >> bill: barney frank, he would be fired up, ready to go. he knows she is issues. he knows the fiscal issues better than anybody else. >> deval patrick said he would be happy to have him. he didn't endorse it per se but he expressed sort of opens to the idea. >> wouldn't be a big learning curve for barney. >> bill: no, not at all. i...
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Feb 6, 2013
02/13
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. >>> say farewell to the old fiscal cliff and debt ceiling and get used to this word. sequester. it hit in march i
. >>> say farewell to the old fiscal cliff and debt ceiling and get used to this word. sequester. it hit in march i
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ceiling or the fiscal cliff i think is a significant force in the role of economic policy that is five years ago if i face a. journalist that you asked me face problems with service and it's it's. probably no you know lunatic aside now this possibility that perhaps not their ally. still is on the take. and this is just a byproduct waltz in washington all the phenomena of the kind of policy you know the most important economy in the world. but without a minus check out the markets us will be able to see they are indeed mixed but the down watch lee continues north actually averaging a five year high and that's despite u.s. confidence coming out. not by taxes and spanks over in washington but gains on the dollar though really thanks to corporate earnings from the likes of drug make a fire which rose two point eight percent of the higher than expected full year profit and energy shares as well collines also having a good session reporting a twenty fold profit so that's why it is half a percent for the dow. started out now the footsie in london as you can see seven tenths of a cent london h
ceiling or the fiscal cliff i think is a significant force in the role of economic policy that is five years ago if i face a. journalist that you asked me face problems with service and it's it's. probably no you know lunatic aside now this possibility that perhaps not their ally. still is on the take. and this is just a byproduct waltz in washington all the phenomena of the kind of policy you know the most important economy in the world. but without a minus check out the markets us will be...
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Feb 3, 2013
02/13
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>> i like the metaphor claire mccaskill had when they raised the debt ceiling for three months. they are like death penalty appeals. every minute, every time they have a short term fix, people are brought to the brink again. the american people are brought to the brink again. i thought it was heartening to hear from harry reid he was interested in it's not just defense talks we are talking ant. there's $500 billion in domestic cuts. once people realize republicans want to hold the economy hostage over tax cuts for the rich and even the tiny amount of concession made before was not enough for them. they start to see the impact of the cuts. i think they may have to come to the table. >> really quick in terms of march 1st, are we going to punt and have this conversation in the summer or get something done and have this fixed once and for all? robert? >> it seems like based on history we are going to punt on this again. as i said before, republicans have done a good job of keeping the democrats and the white house in defense. if history is our guide, i'm not surprised if we kick the
>> i like the metaphor claire mccaskill had when they raised the debt ceiling for three months. they are like death penalty appeals. every minute, every time they have a short term fix, people are brought to the brink again. the american people are brought to the brink again. i thought it was heartening to hear from harry reid he was interested in it's not just defense talks we are talking ant. there's $500 billion in domestic cuts. once people realize republicans want to hold the economy...
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Feb 5, 2013
02/13
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obama suggested it in negotiations in the debt ceiling in 2011 but now he doesn't want any domestic cuts. he's not somebody who wants cuts anywhere, anytime and this will be forced on him and on the pentagon cuts which he thought the republicans would avoid. he's the commander in chief. he has to worry about the forces, his own secretary of defense said we'll hollow out the forces and it will cost a lot of jobs of contractors, a lot of whom live in a state he wants, virginia. so he has to do something about this and it's unbelievable he would have offered the republicans a deal in which there are extra tax increases. republicans will do nothing and they should do nothing and demand if the president wants to avoid this, you do the cuts but do them somewhere else but no tax increases. >> charles lam, twice republicans have caved in to the demands of the white house and other democrats. do you think they'll do that again or will they do nothing? >> i prefer not to think of it as caving in. perhaps there's time for everyone to get reasonable. i agree with charles that the president's probabl
obama suggested it in negotiations in the debt ceiling in 2011 but now he doesn't want any domestic cuts. he's not somebody who wants cuts anywhere, anytime and this will be forced on him and on the pentagon cuts which he thought the republicans would avoid. he's the commander in chief. he has to worry about the forces, his own secretary of defense said we'll hollow out the forces and it will cost a lot of jobs of contractors, a lot of whom live in a state he wants, virginia. so he has to do...
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Feb 6, 2013
02/13
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good-bye fiscal cliff and debt ceiling, hello to the efforts of delay or suspend the "s" word, the sequester, that automatic defense and spending cut mechanism that's set to take effect on march 1st. on tuesday president obama went public for the first time in a while with his opening offer on the budget battles ahead, and today he goes behind closed doors with senate democrats in their retreat in annapolis to strategize and preview his state of the union addressch the white house wanted to send two messages with the president's visit to briefing room yesterday. one, that the burden of shutting off the sequester is on congress. >> if congress can't act immediately on a bigger package, they should at least pass a smaller package of spending cuts and tax reforms that would delay the economically damaging effects of the sequester for a few more months. >> secondly, the white house wanted to signal how they would like to see the rest of these budget negotiations go in 2013, not with one-on-one deal-making but passed through the regular order in congress. the president said he expects that it's g
good-bye fiscal cliff and debt ceiling, hello to the efforts of delay or suspend the "s" word, the sequester, that automatic defense and spending cut mechanism that's set to take effect on march 1st. on tuesday president obama went public for the first time in a while with his opening offer on the budget battles ahead, and today he goes behind closed doors with senate democrats in their retreat in annapolis to strategize and preview his state of the union addressch the white house...
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it was august 2011 and the word sequester came out of the failed deal on the debt ceiling. then came the fiscal cliff, that was the next chance to prevent all of the cuts. washington punted, they said hey, three more months, we'll solve it then. nope. now three months is coming so guess what? they will punt again. you know what, thinking about it today, it reminded me a lot about this. ♪ put your little hand in mine ♪ put your little hand in mine ♪ put your little hand in mine ♪ there ain't no hill or mountain we can't climb ♪ >> that of course was "groundhog day." at least they had a good song. we have to listen to the terrible voices of people in washington. "outfront," michael waldman president of the brennan center from nyu school of law, and michael medved, conservative commentator for salem radio. great to see both of you. michael waldman, you're both michael so i have to do first and last names. great to see both of you. the president asking for a smaller package because a bigger deal can't get done. how is this moving the ball forward? there's blame to go
it was august 2011 and the word sequester came out of the failed deal on the debt ceiling. then came the fiscal cliff, that was the next chance to prevent all of the cuts. washington punted, they said hey, three more months, we'll solve it then. nope. now three months is coming so guess what? they will punt again. you know what, thinking about it today, it reminded me a lot about this. ♪ put your little hand in mine ♪ put your little hand in mine ♪ put your little hand in mine ♪ there...
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Feb 2, 2013
02/13
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ceiling, whether it comes to chuck hagel or immigration reform. what do you think about all of that? >> well, it's funny. i am an old democrat as they say. so i remember the days when the republicans were all united. we democrats would get in a circle and start shooting inward. there was a sense in which everything has changed in the opposite way. you have got a very united democratic party standing toe-to-toe with the president. and you have got republicans bitterly divided so the way you get majorities right now is the democrats pick off republicans and leave the rest of the republicans out in the cold. if i were republican i would not be very happy right now. >> you mentioned the democrats have been through periods like this in the past. then along came bill clinton, for example. he nudged the party toward the center. the democrats started winning some elections. do you think if you take a look at what's going on with republicans from your side of the aisle that maybe something like that is going to be necessary in order for the republican part
ceiling, whether it comes to chuck hagel or immigration reform. what do you think about all of that? >> well, it's funny. i am an old democrat as they say. so i remember the days when the republicans were all united. we democrats would get in a circle and start shooting inward. there was a sense in which everything has changed in the opposite way. you have got a very united democratic party standing toe-to-toe with the president. and you have got republicans bitterly divided so the way...
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Jan 31, 2013
01/13
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the bill that's currently being voted on is to suspend the debt ceiling. i've had several e-mails i have to say, congressman, in the last 24 hours, the word suspend makes some people nervous but i think that, i don't see any malicious intent to allow the debt ceiling to get out of control before may, so you think that one is going to pass, correct? >> i think it is going to pass and the suspension was done because the treasury can't tell us right now what will get us past the budget season. our goal was it's not the fact that we have this huge debt which is a gigantic issue. there's no plan to ever get out of debt so we're trying to push back to the senate to say you do a budget, we'll do a budget and as soon as the budget is over for both of us, then we'll deal with the debt ceiling after that. why are we dealing with the debt ceiling when we don't have a plan to stop overspending. >> it's pretty hard to go through a budget when there is no budget at least on the senate side one that both houses passed. let's get to the meat of what i want to discuss. we
the bill that's currently being voted on is to suspend the debt ceiling. i've had several e-mails i have to say, congressman, in the last 24 hours, the word suspend makes some people nervous but i think that, i don't see any malicious intent to allow the debt ceiling to get out of control before may, so you think that one is going to pass, correct? >> i think it is going to pass and the suspension was done because the treasury can't tell us right now what will get us past the budget...
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Feb 4, 2013
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host: some are not strategy as far as moving the debt ceiling ahead. guest: if they had gone ahead with it, it would have been politically cataclysmic. it was the worst percival -- worst possible ground to make their point. president obama 1. i think it's absolutely crucial for the future of the country that you cannot govern from the house. some house republicans, i am sympathetic to their concerns. their enthusiasm try to get in the battle is misplaced. you would have had high-stakes confrontation. in the end, you would have had republicans peeling off. but you would have been, at the beginning, bumping your chest, making all of these demands, saying we're not going to back down. at the end they would cave damn it would have gotten the worst of all possible worlds. there's a lot of frustration in the republican caucus that john boehner has to deal with. i think he did a pretty good job. host: peter wehner, senior fellow at the ethics and the policy center. if you want to find out more about his organization and his writing, visit their web site. comi
host: some are not strategy as far as moving the debt ceiling ahead. guest: if they had gone ahead with it, it would have been politically cataclysmic. it was the worst percival -- worst possible ground to make their point. president obama 1. i think it's absolutely crucial for the future of the country that you cannot govern from the house. some house republicans, i am sympathetic to their concerns. their enthusiasm try to get in the battle is misplaced. you would have had high-stakes...
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Feb 2, 2013
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and we have the best to come yet because we have to the side of the debt ceiling and spending. and so this is where we really need leadership, which we were used to. i tend to be an optimist about the united states because people gave up on us of vietnam's, on the watergate crisis, and we came charging back, and that think we will do it here. it would be nice if we did not have to go to the clef each time to do it. >> you know, and it began, when you start talking about the kind of relationships and leadership, you know, we still seem to have this atmosphere where people talk more at each other than trying to find some common ground, some common goal in getting it done. you broke still hold goal of growth and jobs, and that is the answer to all of this. you also talked a lot about contagion. now, we all, you know, a sense that if the europeans situation got worse and they are representing 23% of world gdp, you know, the effect that it is going to have on the united states, india, brazil is going to be real. and so with 40 percent of their exports coming year to the united state
and we have the best to come yet because we have to the side of the debt ceiling and spending. and so this is where we really need leadership, which we were used to. i tend to be an optimist about the united states because people gave up on us of vietnam's, on the watergate crisis, and we came charging back, and that think we will do it here. it would be nice if we did not have to go to the clef each time to do it. >> you know, and it began, when you start talking about the kind of...
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Feb 5, 2013
02/13
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if republicans had time to this issue and said, you know, were not going to raise the debt ceiling unless at a certain amount of cuts, they would've caved in the end, would've been disastrous, much like what the fiscal cliff and i think boehner and right together did a very nice job convincing republicans that you can't govern from the house, but sure to be careful about getting into these high-profile, high-stakes, last-minute negotiations with the president. it worked in the white house, i worked in three administrations. they have a tremendous institutional at vantage in this kind of bias. i think what republicans have to do is avoid these sites come at the straps the democrats and president obama are laying, provide an alternative to passing legislation, just to show them this is how we recover if we have the powers of the presidency and the senate and to be careful and frankly the rougher edges republicans sometimes have. >> host: some republicans aren't happy sr is moving ahead. >> guest: i think if they had gone ahead, it would have been cataclysmic for the republican party. i say
if republicans had time to this issue and said, you know, were not going to raise the debt ceiling unless at a certain amount of cuts, they would've caved in the end, would've been disastrous, much like what the fiscal cliff and i think boehner and right together did a very nice job convincing republicans that you can't govern from the house, but sure to be careful about getting into these high-profile, high-stakes, last-minute negotiations with the president. it worked in the white house, i...
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Feb 2, 2013
02/13
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there's the fiscal cliff, the debt ceiling. now the sequester. i mean, we're now talk about perhaps $85 billion in spending cuts in 2013 if they don't get their act together on the sequester. that's pointing exactly in the opposite direction. so the fed is kind of setting the table but not getting the support from the congress on the fiscal side. >> so given the looming debt ceiling limit here, this week on morning joe the "new york times" economist argued why the u.s. should spend now and worry about deficit reduction later. here it is. >> dashing spending when you still have depressed economy is really destructive. it's probably even counterproductive even in purely fiscal terms. we should be sustaining government spending until we have a stronger economic recovery. >> this is not a hard call. as long as we have 4 million people who have been unemployed for more than a year, this is not a time to be worrying about reducing the budget deficit. give me something that looks more like a normal employment situation and i'll become a deficit hawk but
there's the fiscal cliff, the debt ceiling. now the sequester. i mean, we're now talk about perhaps $85 billion in spending cuts in 2013 if they don't get their act together on the sequester. that's pointing exactly in the opposite direction. so the fed is kind of setting the table but not getting the support from the congress on the fiscal side. >> so given the looming debt ceiling limit here, this week on morning joe the "new york times" economist argued why the u.s. should...
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Feb 1, 2013
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ceiling bill. will the intraparty scism end in heartburn or heart break? for over 75 years people have saved money with...ohhh... ...with geico... ohhh...sorry! director's voice: here we go. from the top. and action for over 75 years people have saved money with gecko so.... director's voice: cut it! ...what...what did i say? gecko? i said gecko? aw... for over 75 year...(laughs. but still trying to keep it contained) director's voice: keep it together. i'm good. i'm good. for over 75...(uncontrollable lahtuger). what are you doing there? stop making me laugh. vo: geico. saving people money for over seventy-five years. gecko: don't look at me. don't look at me. >>> the republican party is engaged in a fierce game of tug-of-war with itself. last week after speaker john boehner pleaded with his party to vote for a bill to extend the debt limit for three months, 33 members broke rank. the measure would have failed without democratic support. yesterday the senate took up that same bill and even though
ceiling bill. will the intraparty scism end in heartburn or heart break? for over 75 years people have saved money with...ohhh... ...with geico... ohhh...sorry! director's voice: here we go. from the top. and action for over 75 years people have saved money with gecko so.... director's voice: cut it! ...what...what did i say? gecko? i said gecko? aw... for over 75 year...(laughs. but still trying to keep it contained) director's voice: keep it together. i'm good. i'm good. for over...
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Feb 2, 2013
02/13
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i think that is part of what we're seeing on the debt ceiling. the last fight over the debt ceiling back in the summer of 2011. it turned out to be a terrible self-inflicted wound. our debt got down graded. i think that is part of why -- even republicans who care very much about spending are nervous to use that as a bargaining chip again. we saw how damaging bringing into question the credit worthiness of the government. the fight should not be should we pay the bill? >> there is an interesting question about in retrospect if republicans leveraging the debt limit to get a bill that cut spending by $1 to $2 trillion going forward whether that was worth it? they introduced liquidity risk. if you don't cut spending we're not going to vote for a debt limit increase. it worked. the president agreed to cut the spending by a significant amount. now, would you like that negotiation had resulted from not having made that threat? absolutely. but do you think it would have occurred? there's the difference. i would never be one to advocate that congress shou
i think that is part of what we're seeing on the debt ceiling. the last fight over the debt ceiling back in the summer of 2011. it turned out to be a terrible self-inflicted wound. our debt got down graded. i think that is part of why -- even republicans who care very much about spending are nervous to use that as a bargaining chip again. we saw how damaging bringing into question the credit worthiness of the government. the fight should not be should we pay the bill? >> there is an...
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we have avoided the fiscal cliff posted on the debt ceiling. earnings are decent, decent economic indicators here and outside the u.s. on balance is good, not everyone of them. we have central bankers all over the world, but begging for reflation putting money in the system and a lot of cash getting zero return and those things i think are the reason the stock is likely to continue going. connell: that is the last one i want to pick up on because reading your most recent numbers is lack of tolerance for the cash balances giving a zero return, so people do look and say i can't get a return for a decent yield on anything, so i would rather be in stocks than any kind of fixed income class. if any of that changing in the future, and if so at what point? interest rates have to go up some point, don't they? >> i think they will continue to creep higher, but they can't go a lot higher because the economy would then weekend. so i think as we globalize and the rate race will continue hig, but a lot of cash out there saying when things were volatile in t
we have avoided the fiscal cliff posted on the debt ceiling. earnings are decent, decent economic indicators here and outside the u.s. on balance is good, not everyone of them. we have central bankers all over the world, but begging for reflation putting money in the system and a lot of cash getting zero return and those things i think are the reason the stock is likely to continue going. connell: that is the last one i want to pick up on because reading your most recent numbers is lack of...
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Jan 31, 2013
01/13
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you hear talk about it's immigration, guns, global warming or it's the deficit, or the debt ceiling or whatever. it has been a long time since i heard people here in the congress or even from the white house talk about jobs. what is happening on the jobs front out there? it is getting any better? >> we see only a marginal improvement in some sectors of the manufacturing economy, but there's tremendous pressure upon employers right now uncertain about the economic condition of this country and the follies of our congress, not to be able to make a decision on this so they are withholding investment. they are sitting on piles of cash that could be plowed -- >> bill: still today? >> today. that could be plowed into reinvestment to produce products america needs and the rest of the world. >> bill: have the employers realized they can make more money with fewer employees and that is why they are not hiring? this has been going on for a while, right? >> it's oftentimes i criticize the business community for being such short-term thinkers. it's the bottom line on the quarterly if not monthly o
you hear talk about it's immigration, guns, global warming or it's the deficit, or the debt ceiling or whatever. it has been a long time since i heard people here in the congress or even from the white house talk about jobs. what is happening on the jobs front out there? it is getting any better? >> we see only a marginal improvement in some sectors of the manufacturing economy, but there's tremendous pressure upon employers right now uncertain about the economic condition of this country...
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Feb 1, 2013
02/13
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quick thought about this, can we get rid of the debt ceiling? >> iveng what we're seeing is some of the political brinksman ship around the debt ceiling may be a thing of the past. the renls certainly got hurt politically trying to use that tool as leverage. 6/hopefully it's an indication that that particular kind of brinksman ship is behind us. >> we'll see. i never put it beyond politicians. when the story changes, they'll change. julie, now win promise you can have your coffee break or tea break. try tea, it's very nice. english breakfast. very good thing to have first thing in the morning. we'll come back to you, jules, julia. >>> in the united states, in addition to the jobs report, there are some other pieces of the economic data. the final look at january consumer sentiment is out at 9:55 a.m. eastern. on the corporate front, exxon mobil, chevron, merck, tyson foods all report earnings before the bell. january sales are also out. they're expected to be seen at the strong rate compared to last year. this is all thanks to pent up demand as
quick thought about this, can we get rid of the debt ceiling? >> iveng what we're seeing is some of the political brinksman ship around the debt ceiling may be a thing of the past. the renls certainly got hurt politically trying to use that tool as leverage. 6/hopefully it's an indication that that particular kind of brinksman ship is behind us. >> we'll see. i never put it beyond politicians. when the story changes, they'll change. julie, now win promise you can have your coffee...
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Feb 5, 2013
02/13
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it's been on debt ceilings, budgets, deadlines and negotiations. all of this is extremely important because i don't think there's any substitute for getting our fiscal house in order. there's no greater moral imperative than to reduce the mountain of debt that's facing us, our children and theirs. and our house republican majority stands ready for the president and his party to join us in actually tackling the big problems facing this country. but today i'd like to focus really on what lies beyond the fiscal debate. over the next two years, our house majority will pursue an agenda that is based on a shared vision of creating the conditions of health, happiness and prosperity for more americans and their families. and to restrain washington from interfering in those pursuits. we'll advance proposals aimed at producing results in areas like education, health care, innovation and job growth. our solutions will be based on the conservative presence of self-reliance, faith in the individual, trust in family and accountability in government. our goal is
it's been on debt ceilings, budgets, deadlines and negotiations. all of this is extremely important because i don't think there's any substitute for getting our fiscal house in order. there's no greater moral imperative than to reduce the mountain of debt that's facing us, our children and theirs. and our house republican majority stands ready for the president and his party to join us in actually tackling the big problems facing this country. but today i'd like to focus really on what lies...
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Feb 6, 2013
02/13
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on the debt ceiling and they blinked again on the budget. and delaying the sequester. you are right. i think obama -- obama don't you get the sense obama feels that now? >> yeah. >> feels the power more? >> absolutely. >> or willing to use power more? >> and willing -- feels he can have, if they have an apocolyptic showdown he will win it. they feel that, too. they don't emerge from the fights stronger. if, god forbid, they go over one of these cliffs it totally cleared whoever has the stronger hand amid the crisis. it becomes about what are we restoring? it's one that favors the democrats. >> ben, great to have you in the studio. thank so much. any time you come down to washington, you are welcome here here. >> thank you for having me on. >> bill: might get you on the phone from new york. we love people in the studios. come back and see us. buzz feed.com. i will tell you what the president is up to today. busy schedule. >> this is "the bill press show" live on your radio and current tv. [ music ] (vo) current tv gets the converstion started next. >> i'm a slutty bob h
on the debt ceiling and they blinked again on the budget. and delaying the sequester. you are right. i think obama -- obama don't you get the sense obama feels that now? >> yeah. >> feels the power more? >> absolutely. >> or willing to use power more? >> and willing -- feels he can have, if they have an apocolyptic showdown he will win it. they feel that, too. they don't emerge from the fights stronger. if, god forbid, they go over one of these cliffs it totally...
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Feb 5, 2013
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president obama has signed a debt ceiling suspension into law. the measure allows the government to keep borrowing to pay its bills. it puts off the next congressional battle over the debt ceiling until may. boeing is asking the faa for permission to resume test flights of its grounded 787 jet. it wants to test the batteries and other components in flight since certain conditions can't be simulated on the ground. the faa is evaluating boeing's request. >>> in wall street 2013 rally interrupted with a major averages suffering their worst one-day loss in a year on monday's trading. the last hour we spoke to goldman's jim o'neil about the prospects of making money in this market. >> i think to sell if you're a medium term player is probably not a smart move. but if you've made all the gains, to take some off the table isn't a crazy idea either. >> joining us now is nouriel roubini, chairman and co-founder of roubini global economics. you're not like a market master, maybe like a market jedi. plus andrew still here from fortune magazine. the one and
president obama has signed a debt ceiling suspension into law. the measure allows the government to keep borrowing to pay its bills. it puts off the next congressional battle over the debt ceiling until may. boeing is asking the faa for permission to resume test flights of its grounded 787 jet. it wants to test the batteries and other components in flight since certain conditions can't be simulated on the ground. the faa is evaluating boeing's request. >>> in wall street 2013 rally...